Reserve Bank of India has cancelled the licence of Swami Samarth Sahakari Bank based in Solapur in Maharashtra. The order is effective from 28th December 2012. RBI found that the bank had ceased to be solvent and all efforts to revive it in close consultation with the Government of Maharashtra had failed. The depositors were being inconvenienced by continued uncertainty. The Registrar of Co-operative Societies, Maharashtra has also been requested to issue an order for winding up the bank and ...

Anil Navare , Pune Dear Sir, I am from Pune, Maharashtra state. Our flats co-op housing society is under redevelopment and will be ready by Jan 2013. The builder is advising us to get our redevloped flats registered by paying stamp duty and get index II in your own name. This will help us in case of selling/transferring/mortgaging/taking loan against flat etc  in future. The builder says that since last 6/7 months the Registrar is asking for individual Index II in  name of owner though he is ...

Sanjiv Kushalkar may not be a well-known face in Delhi but he is a force to reckon with in Maharashtra. At the age of 50 he claims to achieve a height few cooperators could dream of. Today he is the Chairman of National Federation of Labour Cooperative headquartered in Delhi. But his achievements do not stop here. Coming from the grass root level and soiled in the true construction cooperative activities Sanjiv is Chairman of both Pune Chapter of labour cooperatives as well as Chairman of ...

Despite its admission that the increased price of fertilisers is seriously affecting the country’s achievement in the field of grain production, the govt has made no promise to deal with the problem. Agriculture Minister Sharad Pawar told the Lower House of Parliament that the govt could not afford to solve the problem by continuing with the policy of subsidy. The minister said in Lok Sabha there was an urgent need to realise the agricultural potential of the country’s eastern ...